Sarah Todd is the Deputy Editor of BankThink, American Banker's opinion blog. She previously wrote for the American Institute for Economic Research, with an emphasis on consumer debt labor, monetary policy and the economic recovery. Todd has also been a regular contributor to The Billfold, a personal finance web site. Her twitter handle is @SarahLizChar.
AUSTIN, Texas For credit unions and banks, payments innovations like Apple Pay and Bitcoin tend to be a double-edged sword. Such groundbreaking technology will almost necessarily be accompanied by security and compliance vulnerabilities.
Target's cybersecurity staff urged the retailer to review the security of its payments system at least two months before hackers compromised its network, according to a report in The Wall Street Journal.